NEW YORK, NY / ACCESSWIRE / October 11, 2017 / U.S. major indexes continued to hit new record highs Tuesday as consumer staples were lifted by Wal-Mart Stores Inc.'s announcement of a $20 billion share repurchase program. The Dow Jones Industrial Average gained 0.31 percent to close at a record 22,830.68, its 47th record close in 2017, while the S&P 500 Index hit an intra-day record of 2,555.23 before settling to close at 2,550.64, an increase of 0.23 percent. The NASDAQ Composite Index hit an intra-day record of 6,608.30 before settling to close at 6,587.25, an increase of 0.11 percent. Corporate earnings will now be a main focus amongst investors as earnings season is set to kick off this week.

"We think valuations are fair and we're not expecting any big surprises out of earnings season, which should be pretty strong," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, according to MarketWatch. "I don't think we're going to see major moves to the upside or the downside until earnings, because people are waiting to see where major companies like [Facebook Inc.] come in, but there is optimism."

RDI Initiates Coverage on:

American Airlines Group Inc.
https://rdinvesting.com/news/?ticker=AAL

United Continental Holdings
https://rdinvesting.com/news/?ticker=UAL

American Airlines Group Inc.'s stock moved 4.80% higher Tuesday, to close the day at $53.03. The stock recorded a trading volume of 9,387,125 shares, which was above its three months average volume of 5,904,510 shares. In the last year, American Airlines Group Inc.'s shares have traded in a range of 36.80 - 54.48. The share price has gained 44.10% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $46.53 is below its 200-day moving average of $47.40. Shares of American Airlines Group Inc. are trading at a Price to Earnings ratio of 13.17. Shares of American Airlines have gained approximately 24.09 percent year-to-date.

Access RDI's American Airlines Group Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAL

On Tuesday, shares of United Continental Holdings recorded a trading volume of 10,299,491 shares, which was above the three months average volume of 4,782,420 shares. The stock ended the day 4.67% higher at 67.72. The share price has gained 31.90% from its 52-week low with a 52-week trading range of 51.34 - 83.04.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $61.48 is below its 200-day moving average of $70.69. Shares of United Continental Holdings are trading at a Price to Earnings ratio of 9.36. Shares of United Continental Holdings have fallen approximately 7.08 percent year-to-date.

Access RDI's United Continental Holdings Research Report at:
https://rdinvesting.com/news/?ticker=UAL

Our Actionable Research on American Airlines Group Inc. (NASDAQ: AAL) and United Continental Holdings (NYSE: UAL) can be downloaded free of charge at Research Driven Investing.

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